BiggerPockets Real Estate Podcast

Podbit · BiggerPockets Real Estate Podcast

I Bought 15 Rental Units While Making $15/Hour Putting Up Fences

Explore episode Jun 22, 2026

Where this was said

Deal #5: Cross-Collateralization and the $250K Duplex

At 31:50 · chapter starts 31:40

Britton found yet another Zillow deal: a $250,000 two-sided duplex in a market where similar properties sell for $320,000–$340,000, being rented for a combined $1,400/month. He made an offer at asking price the same day two other buyers toured it, moving decisively because the value gap was obvious. The problem: he had $3,000 in his bank. His solution was cross-collateralization — asking his community bank to pull equity from the triplex portfolio and attach it as collateral on the new duplex loan, adding $50,000 in debt to the combined loan rather than requiring a fresh cash down payment. Henry Washington explains this as a portfolio loan and a core bank-relationship strategy. The DSCR lender on this deal had a 6-month seasoning rule that blocked a construction loan, so Britton negotiated $5,000 in seller credits that the bank returned to him in cash at closing — funding the $8,000 cosmetic renovation. Rents doubled.

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